.... In this particular case, Twitter probably has made a lot more profits than the penalty amount ($150m) by selling their user data. So they can get away with it even after paying the fine and I am pretty sure they will come up with a creative way to avoid this penalty anyway.
It's what I was thinking too. This amount is just a slap in the wrist for these big platforms.
Where do these fines go by the way?
I read the article, I tried to search around, but I couldn't see anything about the profit they made! It's my first thought as well, if they need to pay a $150 million fine how much did they earn in the first place!? I guess we are talking about billions here...
These huge companies lie to their teeth even though they have legally sworn they will not do what they shouldn't do. Big companies will always find loopholes, legally or not, to have things their way and to make more profit off of their consumers without them knowing of what these huge companies are doing.
It's why I don't like KYC! It's why I don't leave my phone number everywhere... it's why we need privacy! I guess they would sell our asses just to make a profit, only if they could!